IN CASE YOU MISSED IT: 5 key stories from August 8

Here are five Fastmarkets MB stories you might have missed on Thursday August 8 that are worth another look.

The meeting of battery materials market participants at Antaike’s Battery Materials conference in Guiyang, China, came just as news broke of Glencore’s plan to put one of its copper-cobalt mines on care and maintenance – Fastmarkets covers the Chinese market reaction and other topics of discussion at the conference on August 7-8.

Scrap metal cargoes from Japan have been refused entry into South Korea over the past two weeks after the country’s customs started asking for certificates to prove radiation levels, sources told Fastmarkets.

German copper refiner Aurubis Group has forecast a continued weakening of the European copper market in its latest financial statement, indicating a significant dent to earnings as a result of subdued copper demand across the continent.

China’s domestic stainless steel prices increased over the past week amid unabated concerns over Indonesia’s export ban for unprocessed nickel ore, which is set to come into effect in 2022.

The spot price for gallium in China’s domestic market edged up on Wednesday August 7 after suppliers were unwilling to sell cargoes below 1,000 yuan ($142) per kg in response to announced production halts by major producers in the country.

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Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Participants in the US steel market were divided on the impact of a price increase from Nucor’s sheet mill group this week, with some suggesting hot-rolled coil prices could fall further while others were optimistic that announcement could halt - or even reverse — the recent downtrend
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UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
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